LLPs need to file their returns and statement of accounts annually. Failing to comply with this can attract a penalty of up to Rs 5 lakh. Annual Compliance comprises.
Ensuring compliance with annual filing requirements is crucial for Limited Liability Partnerships (LLPs) in India. LLPs must adhere to specific regulations and submit necessary documents to maintain their legal standing and avoid penalties. Annual compliance involves filing various forms with the Registrar of Companies (ROC) and maintaining accurate records.